Philip James Wealth Mangement LLC reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 745,509 shares of the chip maker's stock after selling 32,572 shares during the quarter. Intel comprises 2.1% of Philip James Wealth Mangement LLC's holdings, making the stock its 5th largest position. Philip James Wealth Mangement LLC's holdings in Intel were worth $16,931,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the company. Freestone Grove Partners LP bought a new stake in Intel in the 4th quarter valued at $62,654,000. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after buying an additional 15,214 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $2,379,000. Institutional investors own 64.53% of the company's stock.
Intel Stock Performance
Shares of Intel stock opened at $22.50 on Friday. The business has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $21.10. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market cap of $98.15 billion, a P/E ratio of -5.02 and a beta of 1.12.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on INTC. Mizuho decreased their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Wedbush lowered their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.57.
Read Our Latest Analysis on Intel
Intel Company Profile
(
Free Report)
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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